Newsflash: FDIC Resolves Doral Bank in a New Receivership Action

The $5.9 billion Doral Bank (San Juan, Puerto Rico), a wholly owned subsidiary of Doral Financial Corporation (Coral Gables, Florida), was closed by the Office of the Commissioner of Financial Institutions of Puerto Rico, on February 27, 2015. The Federal Deposit Insurance Corporation (FDIC) was appointed receiver. The public company parent, Doral Financial Corporation, is not directly impacted by the FDIC’s action.